By Peter Morici, Fox News
Jobs are getting scarcer, and bad public policies are making matters worse.
The Labor Department reported Friday that the economy added 287,000 in June, but that was a bounce from only 11,000 the prior month. Over the last three months, new jobs have averaged only 147,000—about two-thirds the pace from 2013 to 2015.
Unemployment increased to 4.9 percent from 4.7 percent in May, and wages were up only 2 cents per hour or less than one-tenth of a percent.
Commentary by: Lynn Cheramie, Founder, Freedom Fighters of America
We are building the technology to replace humanity! I will say this for the 100th time, UNEMPLOYMENT IS NOT WHAT THE GOVERNMENT SAYS IT IS! We all know it's well above 20%. How can the workforce participation be 62.7% and the unemployment rate be only 4.9%? It can't happen America! Workforce participation was 66% in 2006 and damn that's a lot less people working compared to today right? YES IT IS!
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Jobs are getting scarcer, and bad public policies are making matters worse.
The Labor Department reported Friday that the economy added 287,000 in June, but that was a bounce from only 11,000 the prior month. Over the last three months, new jobs have averaged only 147,000—about two-thirds the pace from 2013 to 2015.
Unemployment increased to 4.9 percent from 4.7 percent in May, and wages were up only 2 cents per hour or less than one-tenth of a percent.
Commentary by: Lynn Cheramie, Founder, Freedom Fighters of America
We are building the technology to replace humanity! I will say this for the 100th time, UNEMPLOYMENT IS NOT WHAT THE GOVERNMENT SAYS IT IS! We all know it's well above 20%. How can the workforce participation be 62.7% and the unemployment rate be only 4.9%? It can't happen America! Workforce participation was 66% in 2006 and damn that's a lot less people working compared to today right? YES IT IS!
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